CI Global Investment Grade Fund

Series AH USD Hedged
 

Fund overview

CI Global Investment Grade Fund aims to generate income and the potential for long-term capital appreciation by investing primarily in a diversified portfolio of investment grade fixed-income securities issued by companies or governments of any size, located anywhere in the world.

Fund details

description of elementelement value
Inception date November 2022
CAD Total net assets ($CAD)
As at 2024-02-29
$1.0 billion
NAVPS
As at 2024-03-27
$10.1420
MER (%)
As at 2023-09-30
1.30
Management fee (%) 1.00
Asset class Global Fixed Income
Currency USD Hedged
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0220
Average Credit Rating A-

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

FUND CODES

AH ISC 2118
DSC SO* 3118
LL SO 3018
FH 4118
IH 5118
PH 90098
*No new purchases directly into switch only funds.

Performance2 As at 2024-02-29

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
0.07% -0.47% 3.18% 4.17% 3.77% - - - 3.45%
*Since inception date

Distribution history3

Payable date Total
2024-03-22 0.0220
2024-02-23 0.0220
2024-01-26 0.0220
2023-12-28 0.0478
2023-11-24 0.0220
Payable date Total
2023-10-27 0.0220
2023-09-22 0.0220
2023-08-25 0.0220
2023-07-28 0.0220
2023-06-23 0.0220

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $250,000 0.00%
$250,000 - $500,000 0.03%
$500,000 - $1,000,000 0.05%
$1,000,000 - $2,500,000 0.08%
$2,500,000 - $5,000,000 0.10%
$5,000,000 and above 0.13%

FUND CHARACTERISTICS

Average Coupon % 4.37
Duration 5.34
Yield 5.69

RATING SUMMARY (%)

AAA 20.20
AA 1.86
A 19.79
BBB 48.53
BB 8.44
B 1.18
Average Credit Rating A-

*Corporate and Government bonds only.

CI Global Investment Grade Fund

Series AH USD Hedged
 
Portfolio allocations5 As at 2024-02-29
Asset allocation (%)
  • Foreign Corporate Bonds 50.61
  • Foreign Government Bonds 16.89
  • Canadian Corporate Bonds 15.65
  • Canadian Equity 5.13
  • Cash and Equivalents 4.22
  • Canadian Government Bonds 3.32
  • Canadian Bonds - Other 1.98
  • US Equity 1.49
  • Mortgages 0.79
  • Other -0.08
Sector allocation (%)
  • Fixed Income 88.88
  • Cash and Cash Equivalent 4.22
  • Financial Services 4.12
  • Energy 0.94
  • Telecommunications 0.57
  • Real Estate 0.50
  • Technology 0.36
  • Mutual Fund 0.34
  • Utilities 0.15
  • Other -0.08
Geographic allocation(%)
  • United States 61.96
  • Canada 29.36
  • Germany 2.16
  • Europe 2.10
  • Australia 1.46
  • Cayman Islands 1.09
  • United Kingdom 0.92
  • Netherlands 0.52
  • Italy 0.24
  • Other 0.19
Top holdings
Sector (%)
1. UNITED STATES TREASURY NOTE/BOND 4.00% 15-Feb-2034 Fixed Income 3.14%
2. United States Treasury 4.50% 15-Nov-2033 Fixed Income 2.46%
3. UNITED STATES TREASURY NOTE/BOND 4.00% 31-Jan-2029 Fixed Income 2.14%
4. Canada Government 3.25% 01-Dec-2033 Fixed Income 2.06%
5. UNITED STATES TREASURY NOTE/BOND 4.00% 31-Jan-2031 Fixed Income 1.48%
6. Bank of America Corp 5.29% 25-Apr-2033 Fixed Income 0.95%
7. HSBC HOLDINGS PLC 5.72% 04-Mar-2035 Fixed Income 0.92%
8. Lloyds Banking Group PLC 5.99% 07-Aug-2026 Fixed Income 0.91%
9. Germany Government 2.60% 15-Aug-2033 Fixed Income 0.91%
10. Apache Corp 4.25% 15-Jul-2043 Fixed Income 0.90%
11. Wells Fargo & Co 5.57% 25-Jul-2028 Fixed Income 0.86%
12. United States Treasury 3.88% 15-May-2043 Fixed Income 0.85%
13. AerCap Ireland Capital DAC 2.45% 29-Sep-2026 Fixed Income 0.84%
14. Nissan Motor Co Ltd 4.81% 17-Jun-2030 Fixed Income 0.83%
15. Wells Fargo & Co 5.56% 25-Jul-2033 Fixed Income 0.82%

Management team

First we'll display the Team Company and then the Team members
John Shaw
Leanne Ongaro
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.